Governor Chris Christie • Lt.Governor Kim Guadagno  
The Official Web Site For The State of New Jersey - Department of Treasury
Global Navigation
FAQs Departments/ Agencies Services A to Z NJ Home Page
Disclaimer


GROSS INCOME TAX
INCOME TAX RATE FOR THE NJ-1080C, COMPOSITE RETURN


The New Jersey Administrative Code at N.J.A.C. 18:35-5.2 requires income taxation on composite returns, (Form NJ-1080C) at the highest rate. For tax years beginning on or before 12/31/12 the Division will continue to allowing the use of two rates in order to encourage nonresident individuals to elect to participate in a composite return.

Entities preparing and filing the NJ-1080C return for participating taxpayers with New Jersey sourced income from the entity of less than $250,000 will apply the 6.37% rate and for participating taxpayers with New Jersey sourced income of $250,000 or more will apply the highest tax rate which was 10.75% in 2009 and 8.97% in 2010, 2011 & 2012.

The Division is reviewing its composite return policy which may result in a revision for tax years beginning on and after January 1, 2013. Any prospective change in policy will be posted on the Divisionís website.


Last Updated: Tuesday, 07/16/13



Taxation: Home | Site Index | Site Help | Legislature | Judiciary | Revenue | IRS | Other Tax Links
Treasury: Home | ServicesPeopleBusinesses | Divisions/AgenciesForms
Statewide:
NJ Home | Services A to Z | Departments/Agencies | FAQs
Copyright © State of New Jersey, 1996-
This site is maintained by the Division of Revenue and Enterprise Services.


Reports Accessibility Statement Legal Statement Privacy Notice Contact Us Open Public Records Act Proposed Rules and Amendments Comment or Petition for new Rule Division/Ageny Statutes and Rules Electronic Notification